How long before my nonprofit can start applying for grants?
by Chataun Denis on 04/21/14
A big misconception when applying for 501c3 federal tax exemption is that people think once they receive approval from the IRS, they can begin applying for grants. Applying for grants is more than just being recognized by the IRS as 501c3. What's more is that many funders require that the organization be in business for two years before they meet eligibility requirements.
In order to effectively compete for grants, your organization must show itself worthy of foundation investment. Meaning, it should be able to demonstrate that it can be sustainable without grant funding and that it is effective at its mission; that it can FIRST stand on its own two feet without the help of grants.
I know this is disappointing. However, it is reality. If you would like to, in the near future, win grants for your nonprofit, you will have to get to work turning your nonprofit into a thriving social enterprise. If you need help doing that, schedule one of our Coaching sessions. Help is just a phone call away!
